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A New System
(Conolmlcd from first Jmrc)
nriscs in ninny people's mlmls. The
answer to tlmt question is probably
best 1ctornilnc(l by each intlivitliiRl
for himsoU after tine consideration
of the different phases of this sub
ject. Overproduction docs not menu,
ns ninny nrc outlines (throiiRh non
npplication of thought to the sub
ject) inclined to believe, tlmt there
nrc more of the necessary needs of
the people produced than their de
mand for supply.
The true mcnulng of the word
overproduction is the reverse of the
In the true meaning of the word,
overproduction docs not exist. The
eople arc not producing mote than
they enn use, but arc producing
more than they can enrn money to
buy back again. Their wages are
so low (.to speak from a general
and conservative standpoint) that
it takes n man about five days to
earn enough to buy back what he
earns in one day. livery few years
the nations of the earth exper
ience what is known ns n pan
ic. The panic is the direct result
of the people producing more than
they cam money to rebuy.
How, then, you ask, arc you go
ing to discard this terrible cvil?The
answer is simple and decisive: Ily
giving the people nil thnt their mon
The promoter, in companies or
ganized under the Honvillc System
cannot dispose of his stock in order
to "defray his expenses," ns is the
custom under the old system. The
promoter's share under the new
system is ten per cent, ns ngniust 50
or 60 in the old. This ten per
cent, of the company's stock, or
promotor's slock, is the only com
pensation that the promoter re
ceives under the Honvillc System.
Tills ten nor cent, is iinveriieil ns
the rest of the company's stock, by
the bylaws of the "System." It
is uon-trntisfernble and tioiirtssiun
nblc. The oulv menus wherein he
(the promotor) can obtain any pe
cuninry returns and benefit from
his interest in the comtmny is thru
dividends helm? trnid on the Name
- - - 1 , - -
Hi. ttiitKt linlfi'd lnii'i' 11 timiwuiltlmi
nl henrt and be n thorough believer
in its possibilities liuforc he would
ever attempt to promote a company
under this system.
The risks and chances for the
promoter nre fur greater than for
the investor. The promotor must
work nud put in all his time, stain
nil tue expense 01 ins own living
nud of momntiug the company out
of his own pocket or resources, it 11
til the time of the otirimi.iition oi
the company, nt which time he re
ceives in payment for his services
his ten per cent, of tiou-trausfera
hie stock upon wliiep h must wait
until it pays a dividend helore he
realizes any returns for his cx
peiiditures. Now, when It is s.iii
that the promoter has gicHtcrchauc
as to take than the puichnkcr 0
stock, that is what is tut. nut .
Proposals for Slreel Work
.Stxilml ihoikhmIk will he received nt
the ollice of the icconler ( tlie citv of
St. John until July ISO, 191 7, nt H o'clock
p. 111. (or the iiiipiovi'tueiit of S. Ivan
liocMrcct from till) northerly side line ot
Muluuvk street tn the MMithcrly llc Hue
oi Kleliinoint street, 111 Hie 1111111
ner provided by ordinance No. .11)2, mil
jt't-t to the piovikioii ol the charter mid
nriiiuuucoa 01 me cu v 01 m. joium, 11ml
tlie ukllumtcoi tin city viikmu'it. 011 lile
The engineer's estimate U f l.W.tW.
llidsimist lie strictly In m-eoiiluiiceultli
printed blanks which will In- furii
lulled uu application at the ollice of the
recorder of the city of St. Johns. And
Mid iiupinveiiieiit must lie computed oil
or nciore 00 nays nomine last pumicu
lion of notice of iroukMl for wtiil work
No proowiIs or bid will he considered
uultMw iiccoiuiMided hy 11 ccilillcd check
payable to the mayor of the city of .St.
Johns, certified liy 11 responsible IkuiU
for uu amount etpwl to ten jut cent, of
the aggregate jiropmiHl.
The rtK'it to reject niiy mid all hhU is
Ily order of the city council.
1'. A. U1CU,
PidilUhed in the St. John Review
July 1'-', ID nud 20, 1912.
Proposals lor Street Work
Seated projxwials w ill he received nt the
office of the Recorder of the Cltv of St,
Johns until July 80, 19W, nt 8 o'clock
p. 111., for the improvement of Foswnden
street from the northerly line of Jersey
ktreet to the northerly Hue of Smith
avenue, in the manner provided by
ordiunueu No. lid, subject to the provis
ions of the churtur ami ordiimuceti of the
City of St. Iohns, mid the estimate of
the city engineer, on tile.
Knglneur's estimate is ft!, 1(11. 0,1.
bids must be kttietly in accordance
with printed blanks, which will be furu
ikhed on application nt the ollice of the
Recorder of the City of St. Iohns. And
said improvement must be completed oil
or before 60 days from date of the lust
publication of notice of proposals of Mid
No proposals or bids will be considered
unless accompanied by a ccrtiHod check
imytible to the order of the Mayor of the
Mty of St. Johns, certified by a reKu
eibfc lunik for uu umuiiut equal to ten
percent, of the aggregate proposal.
The right to reject any and all bids is
ily order of the City Council.
1'. A. RICH.
Published in the St. Johns Review- on
July 12, 19 and 20, 1911.
THE BONHAM & CURRIER
14th Wednesday specia
WEDNESDAY, JULY 31st, WEDNESDAY
LAST WEDNESDAY, we enjoyed our holiday with
the Porthtnd Grocers but we missed the usual nice
lot of sales we have been making on Wednesdays. Hut
we arc on the job again and are willing to offer you
A LARGE ASSORTMENT OF LACES, EMBROIDERY AND RIBBON
REMNANTS AT GREAT SAVINGS
25c Combs, Wednesday Special 19c
Soc Combs, " " 39C
25c Hair Brushes " i9c
50c Hair Brushes " 38c
75c Hair Brushes " 57c
25c Back Combs " 19c
25c Side Combs and Barretts i9c
25c Neckwear (Ladies') i9c
50c Neckwear " 39c
Long White Silk Gloves, $1.00 value, Special at. . . .83c
Lawns, regular 17 i-ac, 20c, 25c, Wed. Special 15c
Galateas, " 20c and 25c, " " 15c
Percales, ' 15c, Wednesday Special 12c
UT OUT the Coupon below, sign your name and
" address and bring to our store, and we will give you
a novelty for your home that will add something to your
comforts in the kitchen.
Arc you fond of Baked Potatoes?
"It is better to be Safe than Sorry."
A large lot of Children's and Misses'
odds and cuds in shoes; all good sub
stantial stock; many of them correct style, but OQr
they are the cuds of lines. Your choice OC
25c Tics, three for 63c
50c Tics, three for $ 1 .jt 9
MEN'S FANCY SOCKS
All the odds and ends in Summer Fancy Socks
25c and 50c values, 5 pairs for $1.00
BONHAM & CURRIER
OPEN UNTIL 8:30 P. M. SALE NIGHTS
i?nme fii'.lit linven'l
place lit our curriculum,
is more luntter of fact. In our work
mid niuotii! our supplies we use the
liest tlie tnnrkul affords in the way of
Cocks, Faucets &. Pumps
nml other auxiliary sundries. We
do gooil work nt rensonnhle prices
203 S. Jersey Street
St. Julius Sand nml C.ruvel ComMiiy
I., I). JACKSON, Prop.
We nre prepared to do nny nud
nil kinds of exenvnting for street
work and other purposes. We
also handle sidewalk and build
Newton nud Kessenden Streets
St, Johns, Oregon
Phone Columbia 236
j ATTENTION PLEASE
lfor soreness of the muscles,
whether induced by violunt exercise
or injury, there is nothing better
than Chamberlain's I.iniment. This
liniment also relieves rheumatic
pains. Ifor sale by all dealers.
The Dlble School of the
FIRST CHURCH OF CHRIST
is thoroughly equipped to win
souls to Christ and to train
them in Christian Service, We
want you, niul you need us,
llible School: 10 a. in.
Morning Service; 11 a. in.
Junior C. H.:--3 p. in.
V, 1', S. C. It.: 7 p. in.
livongclistic Services: S p. in,
Thursday Prayermeetlng:--! p.m.
Corner New York SI. and Willis Boulevard
NOTICE TO ADVERTISERS.
In order to Insure a change of ad
vertisement the copy for such change
should reach this office not later than
Wednesday, at 3 o'clock p. m. Please
remember this and save the printer
We sell only
the very best
in these lines
them in every
still to be
201 S. Jersfiv
During the summer months
mothers of young children should
watch for any unnatural looseness
of the bowels. When given prompt
attention at this time serious trouble
may be avoided. Chamberlain's
Colic, Cholera and Diarrhoea Rem
edy can always be depended upon.
lfor bale by all dealers. 1
A COOL KITCHEN
Even in Midsummer
With a real live breeze blowing
away the stifling sultry air and
cooling the whole room that's
your kitchen, and all others too
that have an
Portland Railway, Light & Power Company
VACATIONS AT THE SEA SHORE
CLATSOP BEACH, PACIFIC OCEAN
l,ov round trip fares are in effect all summer, This beautiful beach breaches
twenty live miles south of the mouth or the Columbia River. Seaside and Gear
hnrt have first class hotels, pottages ami camping places, surf bathing, fishing, etc,
Low Round Trips East
On the dates given below, round trip tickets will be sold to
tue points in 111c r.asi suown ueiow, ana iiiauv otliers, at
greatly reduced fares quoted.
FAST TRAINS EAST
In connection with
Northern Pacific nud Great Northern Railways
Atlantic City ...$m,oo
Huston , ,,.,,,,,,110,00
Colorado Springs ... 55 .00
Detroit f S2.50
Kansas City 60.0a
New York , . . 10S.50
DATUS OF SALE.
Omaha f 60,00
rniiaueipuia. . , . , , 103.50
&t. I.ouis 70.00
at. raui 60.00
July 26, 29, 30, 31, 1913.
AiiKUst 1, 2, 3, 6, 7, 12, 15, 16, 22, 33, 29,30, 31, 1912.
September 4, 5, 6, 7, 8, 11, 12, 30, 1912.
Stopovers ami choice of routes allowed in each direction.
Pinal return limit October 31, 1912.
Details of schedules, fares, etc., will be furnished on request.
W. 15. COMAN, General Freight nud Passenger Agent, Portland, Ore.
O. M, Cornell, Agent, St, Johns, Oregon.
ST. JOHNS LUMBER CO.
1 v Phone Richmond 131
stays at home
Have a common lot in their desire 1
for comfortable and serviceable
clothes. And we are prepared to
furnish "Clothes Ideas" whether
they are for garments to be worn 1
at the seashore, the lake, the ,
mountain or at home.
And if you will stop at our
Pattern Counter we will be glad
to go thru the new catalogue of
Ladies' Home Journal Patterns
There is no time like the pres
ent, STOP TODAY. Remember,
too, that the woman who makes
her own clothes can do so at a sav
ing of from one-half to one-third.
Special prices on boys', men's
and youths' Elk skin, Elk soled
shoes this week.
Couch & Co.
Distributors of Merchandise Since 1904